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In a swift reversal, Indiana's top utility regulator says his agency will not solicit or accept money from utility trade groups to help fund a conference of energy regulators in Indianapolis next year.

The announcement came Thursday morning, just hours after The Indianapolis Star reported details of the effort by the Indiana Utility Regulatory Commission to raise tens of thousands of dollars from the nation's largest utility trade groups.

Most of those groups have members that are regulated by the agency, raising the specter of possible conflicts. ...